Key Stocks to Monitor: Dr Reddy’s, PB Fintech, L&T, Jaiprakash Associates, JSW Energy – A Comprehensive Overview for Crypto Investors

• Dr Reddy’s Laboratories and PB Fintech report significant year-on-year growth in Q4FY24, while JSW Energy, Voltas, and Pidilite Industries also post positive results. However, Jaiprakash Associates fails to meet loan repayment obligations.
• Larsen & Toubro is expected to deliver strong Q4FY24 results, while Zee Entertainment Enterprises sees a change in leadership.
• Bharat Forge denies asset sharing with estranged family members, and DLF sells out all apartments in its new project within a week.

Get the latest updates on stock market trends, including noteworthy financial results, leadership changes, and more. Stay ahead with the most recent financial news.

Impressive Q4FY24 Results for Dr Reddy’s Laboratories and PB Fintech

Dr Reddy’s Laboratories reported a net profit of ₹1,307 crore for Q4FY24, a 36% year-on-year increase, primarily driven by strong performance in the US market. The company’s revenue increased to ₹7,083 crore during the quarter, a 12% year-on-year growth. For the full year FY24, DRL reported a net profit of ₹5,568.4 crore, a 36% increase, and total revenues of ₹27,920 crore, up 14% on year. The company expects FY25 to allow a double-digit growth with a 25% Ebitda. The company’s global generics segment saw a 13% revenue increase to ₹6,120 crore, mainly due to higher base business volumes and new product launches.

PB Fintech Sees Significant Improvement

PB Fintech, the parent company of Policybazaar, reported a net profit of ₹60.19 crore for Q4FY24, a significant improvement from a loss of ₹9.34 crore in the same period last year. The company’s consolidated revenue for the quarter was ₹1,089.57 crore, a 25.36% increase from the previous year. The total insurance premium for the quarter was ₹5,127 crore, contributing to an Annual Recurring Revenue (ARR) of ₹20,000 crore in insurance premiums. This growth was mainly due to the expansion in the new health and life insurance segments. The company’s cash position improved by ₹259 crore year-on-year, reaching ₹5,263 crore, thanks to a 39% year-on-year growth in core online revenue, which amounted to ₹2,375 crore. Adjusted EBITDA rose to ₹324 crore from ₹107 crore, improving the margin from 6% to 14%.

Larsen & Toubro Anticipated to Deliver Strong Q4FY24 Results

Larsen & Toubro is anticipated to deliver strong Q4FY24 results, driven by enhanced construction activity, robust demand, and a solid order book. The company’s net profit for the fiscal fourth quarter is projected to increase by 9.8% YoY to ₹4,380 crore. Revenue is expected to surge by 18.6% YoY to ₹65,402 crore, and EBITDA is likely to rise by 31% YoY to ₹7,553.9 crore. The results will be announced on May 8.

Zee Entertainment Enterprises Sees Leadership Change

Atul Das, chief revenue officer of Zee Entertainment Enterprises, has resigned, and Anil Malhotra, former chief operating officer at SITI Networks, will replace him. Additionally, Mangesh Kulkarni, former business head of Marathi Films at Zee Studios, has been appointed as the new business head of Zee TV.

Conclusion

While some companies are reporting significant growth in their Q4FY24 results, others are undergoing leadership changes or facing financial challenges. Investors should keep an eye on these developments to make informed decisions.